Cafe for sale

ESSEX

£75,000

Property Description

Full description

Tenure: Leasehold

Ref 7809 LEASEHOLD

AN OUTSTANDING AND HIGHLY IMPRESSIVE CAFÉ AND RESTAURANT OFFERED ON A PRIVATE 'FREE OF TIE' LEASE, LOCATED IN THE AFFLUENT AND SOUGHT AFTER VILLAGE OF STANSTED MOUNTFITCHET, ESSEX


• Prominent and well positioned business (close to the train station) situated in the highly desirable and prime location of Stansted Mountfitchet (close to Stansted Airport).
• Relaxing Café Area (circa 20+) and a versatile and multi-functional Restaurant (circa 60+ covers).
• Fully equipped Commercial Catering Kitchen.
• Presented in excellent decorative order having been refurbished and modernised throughout with no expense spared.
• Advised current turnover circa £210,000+ (incl. VAT).
• Trade derived from circa 5% wet sales and 95% food sales. Undoubted potential for catering/event orientated operators.
• PRIVATE FREE-OF-TIE RENEWABLE LEASE WITH A FAVOURABLE RENT.
• IDEAL FIRST TIME BUY.

AN EXCITING OPPORTUNITY TO ACQUIRE THIS TRULY SUPERB BUSINESS PROPOSITION OFFERING IMMENSE GROWTH POTENTIAL

LOCATION
This superbly presented café and restaurant is situated in the highly sought after location of Stansted Mountfitchet (near Stansted Airport).
Situated within the commuter belt being approximately ONLY 30 miles from London and also having excellent road communications providing easy access to the M25, A1(M), A120 and the M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Stansted, Heathrow and Gatwick. This excellent café and restaurant is well positioned to draw trade not just from the high levels of footfall; due to being centrally positioned in the village of Stansted Mountfitchet, but also from within the catchment area of many similar affluent villages and towns in addition to being situated close to Finchingfield, Great Dunmow, Braintree and Bishops Stortford which provide an excellent level of repeat and passing trade. There are also numerous extensive residential and commercial developments currently being undertaken within the immediate and surrounding locale, which will, when completed, increase the local population immeasurably and therefore have a tremendous positive impact on the business. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY
This impressive 18th Century Grade II listed property occupies a prominent trading position within this densely populated commercial and residential location.

Main entrance at the front leading into the lobby with access to the Café and the Restaurant.

Café (circa 20+) being of a good size, providing an inviting and relaxing ambience and is well furnished with an excellent range of solid polished oak tables, leather chairs and leather padded oak chairs. There is also a servery counter and tall standing refrigerated bottle coolers (not tested). Access to the W.C's and the Courtyard.

Restaurant (circa 60+ covers) is a truly delightful room and offers versatile and multi-functional usage; ideal for a variety of events including weddings, wakes and private parties etc and is presented in excellent decorative order.
The restaurant is extremely well furnished with an excellent range of solid polished oak tables and a mix of leather chairs, padded leather oak chairs and leather sofas. Adding to the immense charm and character of the room are the beamed walls, the timber pillars and the beamed/vaulted ceiling.

Catering facilities include a fully equipped open plan Commercial Kitchen with stainless steel

appliances and preparation surfaces (appliances not tested). There is also a wash-up room.

Office - situated on the first floor and could be quite easily utilised as a private dining room/meeting room

Ladies and Gents W.C.s.

EXTERNAL
There is a lovely brick paved Courtyard area (circa 30+) at the rear and is furnished with Rattan style tables. There is also a seating area at the front with tables and chairs. Parking facilities for 2/3 cars.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Monday - Sunday - 11.00am - 4.00pm
The current opening hours are as follows:
Monday - Friday - 07.00am - 4.00pm
Saturday & Sunday - 08.00am - 4.00pm

NB. Important. Prospective purchasers wishing to continue to operate this café and restaurant should ensure that they gain the APLH Qualification in readiness for their intended operation of this business.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 5 years remaining of the private Free of Tie full repairing and insuring agreement. We are informed that the rent is currently ONLY £17,500 per annum. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services (no services seen or tested). Business rates payable are circa £7,000 pa.

THE BUSINESS
Our vendor clients operate this well established and popular business as a husband and wife team on a 'hands-off' basis with the assistance of 3 full time members of staff.
Trade is currently derived from circa 5% wet sales and 95% food sales, thereby providing massive scope for a new hands-on owner operator partnership with previous experience of running a catering/events orientated operation to take this business to the next level by exploiting the alcohol sales and also the functions potential that is to be found here. There are many areas of potential to increase sales and profitability by implementing a strategic marketing campaign to utilise the premises for weddings, private parties and wakes etc. There is also immense potential due to the high level of footfall and passing trade emanating from the exceptionally busy local commercial businesses and shops; to facilitate increased trading hours which would have an incredible positive impact on the turnover and profits. This is truly an exciting business opportunity for those seeking a lifestyle change or an alternative career from the stress and strife of the City.

Advised current turnover circa £210,000+ (incl. VAT). This delightful business is a well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of £300,000 (incl. VAT).

Accounting information will be made available to interested parties after viewing.

This business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.



Nearest stations

  • Stansted Mountfitchet (0.1 mi)
  • Elsenham (1.7 mi)
  • Stansted Airport (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stansted Mountfitchet (0.1 mi)
  • Elsenham (1.7 mi)
  • Stansted Airport (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds, National Licensed Property Agents

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448091 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7809. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds, National Licensed Property Agents. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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